The flagship cultural venue for the North designed by Rem Koolhaas’ Office for Metropolitan Architecture, has been awarded a £7m lump sum by Arts Council England, and £9m annual revenue from 2018-22.
The capital funding will be paid to Manchester City Council. The total capital cost of the project is £110m, made up of £78m funding from the Government, up to £20m from Manchester City Council, the Lottery funding announced today and a minimum fundraising target of £5m.
Manchester International Festival, the operator for Factory, has been awarded £9.7m per year, of which £9m is for The Factory, and £730,000 is for the continuation of the biennial festival.
The Factory project is OMA’s first major public building in the UK, led by project partners Ellen van Loon, Rem Koolhaas and David Gianotten.
Enabling works for the building are expected to start next month, on the site of the former ITV Granada Studios.
The Factory is part of Allied London and Manchester City Council’s emerging St John’s neighbourhood.